OIL & GAS

BlueCrest Energy is asking state borrowers to amend the terms of a $30 million oil project loan after the state failed to pay tax credits the company was expecting.
Documents outlining the loan... Read more

Alaska Native corporations are 0 for 1 in their hunt for natural gas so far this year, but the search is still long from over.
Doyon Ltd. President and CEO Aaron Schutt said Nov. 17 that the Interior... Read more

Amid a saturated liquefied natural gas, or LNG, market and falling prices, ConocoPhillips announced Thursday that its Nikiski LNG terminal is for sale. Officials say the local economy might not be... Read more

The Alaska LNG Project handoff to state leadership is progressing, albeit slower than expected.
“Negotiations are continuing,” Alaska Gasline Development Corp. President Keith Meyer told the AGDC... Read more

ConocoPhillips can again grow its Colville River North Slope oil field after a Nov. 4 decision by Natural Resources Commissioner Andy Mack that reversed an earlier disputed agency ruling.
Mack... Read more

The Alaska Industrial Development and Export Authority has quietly parted ways with its private industry partner on the Interior Energy Project for a second time.
The authority’s IEP team lead Gene... Read more

The Alaska LNG Project is still moving toward a final filing with the Federal Energy Regulatory Commission, but some details remain murky.
The Alaska Gasline Development Corporation is finishing up... Read more

The state’s effort to get more natural gas to the Fairbanks area is admittedly moving painfully slow, but Interior Energy Project leaders insist key milestones are within reach.
IEP manager Gene... Read more

Armstrong Energy is asking the state to expand its prospective Pikka North Slope oil and gas unit, which the company already believes holds upwards of 1.5 billion barrels of recoverable oil.
The... Read more

Caelus Energy announced Tuesday that it is sitting on 6 billion barrels of oil on the western North Slope, a prospect CEO Jim Musselman said he expects will continue to grow.
The prospect is Smith... Read more

The Icewine oil prospect on the southern North Slope keeps growing.
Australia-based 88 Energy Ltd. said in an Oct. 18 release that it has identified five conventional “leads” on its Slope leases that could hold 758 million barrels of recoverable oil.